DP-132-WE: Combined Group Net Operating Loss Deduction Worksheet (2024)
New Hampshire · New Hampshire DRA · Used for tax years 2024
Form DP-132-WE is New Hampshire’s 2024 net operating loss (NOL) deduction worksheet for combined groups. It tracks NOL carryforwards, amounts used in prior periods, the deduction for the current taxable period, and amounts carried forward to future periods for reporting on the ap
Who files this form
Form DP-132-WE is a net operating loss (NOL) deduction worksheet for combined groups. The 2024 form provides spaces for the principal New Hampshire business organization and the nexus member.
Use additional Forms DP-132-WE if you have NOL carryforward deductions for more than one entity.
What you'll need
Have the following information ready to complete the worksheet:
- The principal New Hampshire business organization's name and taxpayer identification number.
- The nexus member's name and Federal Employer ID Number, Social Security Number, or Department ID Number.
- The beginning and ending dates if using a taxable period other than calendar year 2024.
- The ending date of each tax year in which an NOL occurred.
- The NOL amount available for carryforward, the amount used in earlier taxable periods, the amount to deduct this period, and the amount to carry forward.
Column B refers to instructions for limitations from DP-131-A. Those instructions are not included in the supplied text.
Common mistakes
- Amounts that do not balance: The form notes that Column B minus Column C should equal Column D plus Column E.
- Missing worksheets for other entities: Use additional Forms DP-132-WE if you have NOL carryforward deductions for more than one entity.
- Not combining deductions from multiple worksheets: If you have more than one Form DP-132-WE, total all Line 11, Column D amounts to calculate the NOL carryforward deduction.
Questions people ask
What goes on Line 11?
Add Lines 1 through 10 separately for Columns B, C, D, and E. Enter each column's total on Line 11.
How do I calculate the NOL available to report on the Business Profits Tax return?
Subtract Line 11, Column C from Line 11, Column B.
Which amounts show the current deduction and future carryforward?
Line 11, Column D is the NOL deduction for the current taxable period. Line 11, Column E is the NOL carryforward. Report these amounts on the applicable Business Profits Tax return.
What if I have NOL carryforward deductions for more than one entity?
Use additional Forms DP-132-WE. Add all Line 11, Column D amounts to calculate your NOL carryforward deduction.